"China's intention is to first form a Northeast Asian economic cooperation that excludes the U.S. while Japan can't sit still as South Korea advances to the Chinese market with Korea-China free trade talks," said Heo Yoon, a professor at Sogang University Graduate School of International Studies.Despite concerns about greater competition in some industries, the South Korean government said a free trade bloc with China and Japan would sharply lower non-tariff barriers and boost its exports to both countries.
Asian Giants Tiptoe Toward Free Trade Deal
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